TSX:IBG.DB.E - Post by User
Comment by
CreditRiskon Jun 24, 2014 5:23pm
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Post# 22691000
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:95%
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:95%Well I actually lied. I stopped reading after you wrote "8-10x ebita /ev multiple is reasonable". I stopped here because, well, it's not reasonable and therefor everything else you wrote that likely flows from this assumption is worthless. Do you have any idea what kind of company's you can buy at multiples less than that? Well, BCE is one...about 7.5x. Cenovus, Suncor, Husky all less than 7.0x. The list goes on....of companies that you can buy for less than 8x that are not severely distressed piles of cr@p like IBI.
With this in mind, one last correction. I think you meant to write, "know I know shite", instead of "know I know my shite".